New Poll says 3% of China has invested in cryptocurrency

Wu Xiaobo Channel announced a new survey that 3% of China has now invested in crypto, which is higher than the general accepted adoption rate of 1%. (Link) The survey targeted middle class Chinese individuals. This growing rate will only grow as more exchanges become increasingly user-friendly and the fear throughout China increases due to uncertain circumstances. The two growing fears about China’s economy is the increasing power of President Xi and the trade war between US and China. Cryptocurrency is a way to hedge against these fears and I would expect that number to rise exponentially over the next 5 years.